Stock market update: This company hits 5% upper circuit even as markets tumble- Check share price

The stock began the trading session in the red at Rs 170, compared to the previous close of Rs 170.90 on the BSE.

Stock market update: Shares of FMCG company Elitecon International Limited surged by 5 percent, reaching the upper circuit limit of Rs 179.40 on Friday, November 7, 2025. This increase occurred despite the benchmark indices, Sensex and Nifty, tumbling due to ongoing selling by foreign institutional investors (FIIs) and weak trends in global markets, which negatively affected investor sentiment.

The stock began the trading session in the red at Rs 170, compared to the previous close of Rs 170.90 on the BSE. However, it gained traction with a surge in trading volume, hitting an intraday high of Rs 179.40 before dropping to a low of Rs 162.40. At the last update, the stock was trading at Rs 172, reflecting a modest gain of 0.64 percent. The company’s market capitalization stood at Rs 27,494.20 crore.

According to BSE Analytics, the stock has delivered an impressive return of 3233 per cent in one year, and a substantial gain of 1539.34 per cent on a year to date basis. However, it has experienced a correction of 31.26 per cent in three months, compared to the benchmark index’s positive return of 3.19 per cent.

Stock has been gaining for the last five days and has risen 20.07 per cent in this period. Technically, it trades higher than the 5-day, 20-day and 200-day moving averages but lower than the 50-day and 100-day moving averages.

Furthermore, the company has declared an interim dividend of 5 per cent or Rs 0.05 per equity share with a face value of Re 1 for its investors, providing them with a potential source of income.

“An interim dividend of Re 0.05/- (Five paise only) per equity share of Re 1/~ (Rupee One only) each for the financial year 2025-26,” the company informed the stock exchanges through its filing on Wednesday.